Moloney Securities Asset Management LLC Boosts Stake in Invesco QQQ (NASDAQ:QQQ)

Moloney Securities Asset Management LLC grew its position in shares of Invesco QQQ (NASDAQ:QQQ) by 0.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 44,112 shares of the exchange traded fund’s stock after purchasing an additional 226 shares during the period. Invesco QQQ makes up approximately 2.9% of Moloney Securities Asset Management LLC’s investment portfolio, making the stock its 3rd biggest position. Moloney Securities Asset Management LLC’s holdings in Invesco QQQ were worth $21,530,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. WFA Asset Management Corp lifted its stake in Invesco QQQ by 70.6% in the first quarter. WFA Asset Management Corp now owns 4,577 shares of the exchange traded fund’s stock worth $2,032,000 after purchasing an additional 1,894 shares during the last quarter. PBCay One RSC Ltd lifted its stake in Invesco QQQ by 6.2% in the first quarter. PBCay One RSC Ltd now owns 375,000 shares of the exchange traded fund’s stock worth $166,504,000 after purchasing an additional 22,000 shares during the last quarter. Commerce Bank lifted its stake in Invesco QQQ by 3.2% in the first quarter. Commerce Bank now owns 40,492 shares of the exchange traded fund’s stock worth $17,979,000 after purchasing an additional 1,239 shares during the last quarter. Chevy Chase Trust Holdings LLC lifted its stake in Invesco QQQ by 10.5% in the first quarter. Chevy Chase Trust Holdings LLC now owns 5,483 shares of the exchange traded fund’s stock worth $2,435,000 after purchasing an additional 519 shares during the last quarter. Finally, Catalina Capital Group LLC lifted its stake in Invesco QQQ by 45.9% in the first quarter. Catalina Capital Group LLC now owns 2,627 shares of the exchange traded fund’s stock worth $1,166,000 after purchasing an additional 827 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Down 0.3 %

Invesco QQQ stock opened at $486.01 on Tuesday. The company has a 50 day moving average price of $482.01 and a 200-day moving average price of $469.55. Invesco QQQ has a fifty-two week low of $366.91 and a fifty-two week high of $503.52.

Invesco QQQ Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd were paid a dividend of $0.677 per share. This represents a $2.71 annualized dividend and a dividend yield of 0.56%. The ex-dividend date was Monday, September 23rd.

About Invesco QQQ

PowerShares QQQ Trust, Series 1 is a unit investment trust that issues securities called Nasdaq-100 Index Tracking Stock. The Trust’s investment objective is to provide investment results that generally correspond to the price and yield performance of the Nasdaq-100 Index. The Trust provides investors with the opportunity to purchase units of beneficial interest in the Trust representing proportionate undivided interests in the portfolio of securities held by the Trust, which consists of substantially all of the securities, in substantially the same weighting, as the component securities of the Nasdaq-100 Index.